FCA independent disputes committee sees jump in case referrals

clock • 1 min read

The Financial Conduct Authority's (FCA) independent arbitration panel, the regulatory decisions committee (RDC), saw case referrals jump by two-thirds (65%) in 2017.

According to data collected by legal advice firm Cleveland & Co, 476 cases were referred to the RDC in 2017, up from 289 in 2016.  The RDC makes certain decisions on behalf of the FCA relating to enforcement and supervisory actions for firms, as well as firm authorisations. The RDC is the final stage of decision making for the FCA, and decides on warning notices including those for financial penalties, suspensions, and public censures. Cleveland & Co said the jump in referrals suggested an acceleration in FCA investigations and could be linked to a renewed clampdown on misconduct by f...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Burnham to propose social care plans at general election

Burnham to propose social care plans at general election

Aims to be preventative

Jaskeet Briah
clock 28 September 2026 • 2 min read
The COVER Review: FCA Pure Protection Market Study, KBW and IPAW

The COVER Review: FCA Pure Protection Market Study, KBW and IPAW

Interview with FCA's Graeme Reynolds

COVER
clock 25 September 2026 • 1 min read
PFS names Kate Gannon as president

PFS names Kate Gannon as president

Previous vice-president for PFS

Jenna Brown
clock 24 September 2026 • 2 min read